ACC - Your team has been hired as the accountants for the

Village of AIU
ACC - Your team has been hired as the accountants for the Village of AIU

Question
Your team has been hired as the accountants for the Village of AIU. Your team is bein
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accountants-for-the-village-of-aiu
ACC - Your team has been hired as the accountants for the Village of AIU

Question
Your team has been hired as the accountants for the Village of AIU. Your team is being asked
to do the following:

Your team is provided with the adopted budget, as well as the preclosing trial balance, of the
revenues and expenditures subsidiary ledgers at year-end.
Download the adopted budget and preclosing trial balance here.
Note that the only encumbrances outstanding at year-end were $15,000 for unperformed
contracts in community development.
The beginning fund balance was $75,000.
Prepare the closing entries for the general ledger accounts and the subsidiary ledgers of the
Village of AIU general fund.
Prepare the statement of revenues, expenditures, and changes in fund balance—budget and
actual—for the Village of AIU General Fund for the 20X9 fiscal year.

ACC - Your team has been hired as the accountants for the Village of AIU

Attachments
ACC_-_Your_team_has_been_hired_as_the_accountants_for_the_Village_of_AIU.xlsx (60.2
KB)

Preview: AIU xxxxxxx fund xxxxxxxxxxxxxxxx entries :General xxxxxx Accounts:Estimated

Revenue xxxxxxxxxxxxxxxxxx Expenditure xxxxxxx xxxxxxxxx fund xxxxxxxxxxx estimated
revenue xxxxxxxxxxxxxxxxxx ledgers:Appropriations Taxes xxxxxxxx permits xxxxx xxxx
Investment xxxxxxxxxxx revenue tansfer xx appropriations)Interest &
xxxxxxxxxxxxxxxxxxxxxxxxxxx grantsMiscellaneous xxxxxxx xxxxxxxxxxxxxx General
xxxxxxxxxx Health &

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